Nicholas Smetzer | Zelle Picture if you will a quiet Texas home. It’s unremarkable, cozy, and most importantly for the purposes of this article, insured. All is well at this humble domicile until disaster strikes in one of the many forms that the Texas climate can unleash. The culprit could be wind, water, or hail;… Continue reading Avoid a Clash over Cash: The Perks of Defining Actual Cash Value in a Policy
Category: Insurance
Sixth Circuit Enforces First-Party Property Policy’s Flood Exclusion for Flood Damage Caused by Eight Inches of Rain
Roben West | Carlton Fields In Express Jewelry Enterprises Inc. v. National Fire Insurance Company of Hartford, the Sixth Circuit Court of Appeals found that a flood exclusion precluded coverage for property damage following a night of heavy rains. The basement of a jewelry store in Dearborn, Michigan, was inundated with high water after the city experienced… Continue reading Sixth Circuit Enforces First-Party Property Policy’s Flood Exclusion for Flood Damage Caused by Eight Inches of Rain
Court Bars Coverage for Late Notice and Pre-Notice Repairs
Joshua Tumen and Nicole Renna | Property Insurance Law Observer In Global Approach, Inc. v. Scottsdale Insurance Co., 2026 WL 1513430 (S.D. Fla. June 1, 2026), the United States District Court for the Southern District of Florida granted summary judgment to the insurer, holding that the insured’s six-week delay in reporting a water loss – coupled… Continue reading Court Bars Coverage for Late Notice and Pre-Notice Repairs
AI Liability Is No Longer a Future Problem for Risk Managers
Risk & Insurance AI-related incidents rose approximately 50% year over year from 2022 to 2024, and exposure is building across multiple insurance lines, according to WTW’s Willis Research Network. Artificial intelligence has moved from operational experiment to embedded infrastructure across insurance and corporate risk functions, but governance, liability frameworks, and coverage structures have not kept… Continue reading AI Liability Is No Longer a Future Problem for Risk Managers
What’s the Rush? When Repairs Are Not “Improvements” in Minnesota
Gus Sara | The Subrogation Strategist In Haire-Cochran v. 24 Restore, Inc., No. A25-1206, 2026 Minn. App. LEXIS 153, the Court of Appeals of Minnesota (Court of Appeals) addressed whether construction work performed after a fire loss to a property constituted an “improvement to real property” under Minnesota Statute of Limitations, section 541.051, subdivision 1(a). The… Continue reading What’s the Rush? When Repairs Are Not “Improvements” in Minnesota